There’s always a larger geopolitical dynamic when you assess the economic alliances that President Trump puts together…. Always and underlying plan… Sometimes it just takes time to surface. As we have noted, even going back to 2017, Japanese Prime Minister Shinzo Abe always appeared to be the fulcrum for President Trump’s Indo-Pacific strategy. Remember the […]
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OPINION: Every American Should Pause to Read What Elizabeth Warren Has to Say About Economic Patriotism…
Let’s begin with a thought experiment: What if the Republican leadership in Washington had bothered to learn the lessons of the 2016 election? What if they’d understood and embraced the economic nationalism that was at the heart of Donald Trump’s presidential campaign? What would the world look like now, two-and-a-half years later? For starters, Republicans […]
Trump Slams Chamber of Commerce Over Tariff Opposition…
President Trump on Monday lashed out at the U.S. Chamber of Commerce over the lobbying organization’s opposition to his threat of tariffs against Mexico. The president called into CNBC for a lengthy interview after a representative from the Chamber appeared on the network to voice concerns with Trump’s use of tariffs as a negotiating tactic. […]
Hiring Hits Series High, Job Openings Beat Forecast…
The Bureau of Labor Statistics (BLS) JOLTS report beat expectations, with the hiring hitting a series high and a number of job openings rising to 7.449 million on the last business day of April. The consensus forecast was looking for an even 7.4 million. Hires increased slightly to a new high at 5.9 million, and […]
White House Economist: Jobs Report Shows Risks to Economy, But Still Reasons for Optimism…
Top Trump economic adviser Kevin Hassett said that Friday’s jobs report indicates higher risks to the economy but that he remains hopeful job growth will pick up in June and the U.S. will avoid a recession. Hassett, the outgoing chairman of the White House Council of Economic Advisers, acknowledged that the estimated 75,000 jobs created […]
The Fed’s Glue-Sniffing Announcement Yesterday Involving JPMorgan Chase…
Federal Reserve inspectors appear to be on some kind of mind-altering drug or their superiors are simply taking their marching orders from Wall Street cronies in the Trump Administration. Yesterday the Fed released a terse 104-word statement indicating that the largest and serially charged bank in the U.S., JPMorgan Chase, had shown “evidence of substantial […]
Merkel Says Trade Deal with U.S. of ‘Existential Importance’…
German Chancellor Angela Merkel described a future trade agreement between the European Union and United States as being of existential importance, saying she would keep trying to make progress despite the “regrettable” opposition from France. “We have a mandate for talks with the United States and I think it is of existential importance,” Merkel told […]
There You Have It: Alexandria Ocasio Cortez Says Americans’ Right to a Home Trumps Workers ‘Privilege’ to Earn a Profit…
New York Democrat Rep. Alexandria Ocasio-Cortez thinks having a home should be a human right. During a recent town hall in the Bronx, New York, the freshman lawmaker suggested the right to own a home should take precedence over someone’s ability to make a profit. “What are we doing to make sure housing is being […]
Oil Just Had Its Worst Run Since 2008…
Oil has entered a bear market as fears of an economic downturn mount. The fundamentals look much tighter than the swoon might suggest, but the supply and demand picture is also beginning to look more negative. The EIA report was exceptionally weak, showing a strong build in crude oil (+6.8 million barrels), gasoline (+3.2 million […]
Carnival Cruise Lines Hit with $20 Million Penalty for Environmental Crimes…
A $20 million fine isn’t even a slap on the wrist for Carnival. On revenue of $18.8 billion, I wonder, in which column on their spreadsheet this will go? Chicken Feed? Pocket Lint? F-U-We’ll-Do-It-Again? Via: NPR: The cruise line giant Carnival Corporation and its Princess subsidiary have agreed to pay a criminal penalty of $20 […]
No Deal – U.S. and Mexico Officials Fail to Reach Agreement on Border, Immigration, Tariffs…
According to recent reporting, officials representing the U.S. and Mexico have failed to reach an agreement on measures to stop the flood of migrants traveling through Mexico. As a result of the scale of the crisis, and without an agreement from Mexico to stop the worsening problem, President Trump has announced tariffs on imported goods […]
Mexico Readies List of U.S. Products for Retaliation If Trump Levies Tariffs…
Mexican President Andrés Manuel López Obrador has received a list of U.S. products that his country would slap with tariffs if President Trump follows through with his threat to impose tariffs on Mexican goods starting Monday. The list indicates that Mexico could retaliate swiftly if the tariffs are implemented, as Trump said Wednesday was likely. […]
The “Big Club” Fights Back Against Trump Tariffs – Senate Republicans, Paid by U.S. CoC, Prepare to Mount Assault…
CTH has been fully immersed in the battle against the Chamber of Commerce Decepticons for so long we have to be careful of our language. This battle is the heart of Wall Street’s war against MAGA Main Street. Republican senators from Mitch McConnell’s ‘decepticon caucus’ are now warning President Trump they will fully engage in […]
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Chinese Goods Navigate Alternate Trade Routes to Avoid Tariff Charges…
Higher U.S. tariffs from the trade war with China are altering patterns of world trade as exporters use third countries to bypass the duties, data reveals. Chinese exports to the U.S. tumbled by $15.2 billion, or 12%, in the January-March quarter of 2019 on a year-on-year basis. But an analysis conducted by Nikkei showed that […]
Facebook, Google Regulatory Woes Erode $137 Billion From FANGs…
A wave of antitrust probe headlines on Facebook Inc. and Google parent Alphabet Inc. just yanked about $137 billion from FANG stocks’ market values. Some $41 billion evaporated from Facebook on Monday as a person familiar with the matter said the U.S. Federal Trade Commission will oversee antitrust scrutiny into whether the firm’s practices harm […]
Malaysian PM Mahathir Proposes New Regional Currency Based on Gold…
Malaysian Prime Minister Mahathir Mohamad on Thursday (May 30) proposed to create a new “special currency” for the region based on gold, replacing the existing currency trading regime. Speaking at a dialogue session at the 25th International Conference on The Future of Asia (Nikkei Conference), he claimed that a regional currency based on gold would […]
Personal Income Posted Solid Gains in April, Beating Forecasts…
The Bureau of Economic Analysis (BEA) said personal income gains beat the consensus forecast in April, rising $92.8 billion (0.5%). The reflected increases were fueled by personal interest income, wages and salaries, and government social benefits to persons. Disposable personal income (DPI) rose $69.3 billion (0.4%) and personal consumption expenditures (PCE) gained $40.8 billion (0.3%). […]
Pence: Trump ‘Ready to Go’ on U.S.-Mexico-Canada Trade Deal…
U.S. Vice President Mike Pence believes that the agreement between the United States, Mexico and Canada (USMCA) will pass if it’s brought to Congress, he told FOX Business during an exclusive interview on Thursday. “We are, in discussions as we speak,” he told Maria Bartiromo. “The U.S. trade rep will be on Capitol Hill when […]
Does China Have Enough U.S. Dollars to Survive the Trade U.S. Trade War…
The Chinese government is officially sitting on the world’s largest stockpile of foreign exchange reserves, but it has been scrambling recently to block backchannels for capital outflows as trade tensions with the United States increase. Beijing’s increasing scrutiny of the usage of the US dollar by Chinese companies and individuals, in the absence of any […]
Oil Falls 4 Percent as Trump Allows Some Countries to Import More Iranian Oil…
Oil prices fell close to 4 percent to their lowest in more than two months on May 30 as the administration of President Donald Trump said it’s allowing several countries to import some more Iranian oil without triggering U.S. sanctions. Upon the news, Brent Crude, the leading oil futures index, fell about $2.6, or about […]